Scott Berg

Here is an update on Oak Park Illinois homes for sale.

There are currently 142 homes for sale in Oak Park. 301 homes have sold in the last 12 months with a median sales price of $370,000. Those homes that sold had an average market time of 144 days.

The highest price received for a home in Oak Park in the last 12 months was $1,100,000. There are 56 homes currently under contract.

33 multi-units in Oak Park, Illinois have sold in the last 12 months with an average sale price of $246,000 and market time of 150 days. The highest price paid for a multi unit in Oak Park int the last 12 months was $425,000.

There are currently 27 multi-units on the market with an average listing price of $417k.

River Forest Real Estate

The median price price (all property types included) for River Forest is up 2.1% since this time in 2011.

Looking at a break out of attached single family homes (condos, townhomes) and detached single family homes we can see that the attached sector of homes has had 28.6% drop in prices versus the single family homes in River Forest which are up 3.6%.

The number of units available on the market is down significantly for all price ranges except $199k-510k which has seen a growth in months supply of inventory by 3.0%.

Here is the scoop on 2 bedroom condos in Bucktown.

Over the last 12 months the median sales price of 2 bedroom condos in the Bucktown neighborhood of Chicago was $321,000. Condos that sold took an average market time of 154 days verus those currently active have a market time of 200 days.

There are currently 16 2-bedroom condos under contract with an average list price of $284,812.

For more on Chicago real estate please visit our website at http://www.chicagorealestatescene.com

Riverside Real Estate Market

The number of sales closed is very similar to where it was last year this winter. 2010 was a typical sales pattern in for the midwest where the number of units sold rises in the in the spring/summer then fallx off in the fall/winter. 2009's pattern was affected by the tax credit offered.

The monthly supply of inventory is high for both single family homes and condos / townhomes.

Median sales price for a single family home is down 14.6% from 2010.

What we see here is that the percent of ask(list)/close price is lower in the winter months when their are fewer buyer.